IT Refund CBDT issues Rs 1.54 lakh cr in refunds to income taxpayers
New Delhi/IBNS: The income tax department on Thursday said it has issued refunds of over Rs 1.54 lakh crore to more than 1.59 crore taxpayers so far this fiscal.
Of this, Rs 1.20 crore includes refunds of Assessment Year 2021-22 (fiscal ended March 31, 2021), equaling to Rs 23,406.28 crore.
"CBDT issues refunds of over Rs 1,54,302 crore to more than 1.59 crore taxpayers from 1st Apr 2021 to 10th January 2022," the I-T department tweeted.
CBDT issues refunds of over Rs. 1,54,302 crore to more than 1.59 crore taxpayers from 1st Apr,2021 to 10th January,2022. Income tax refunds of Rs. 53,689 crore have been issued in 1,56,57,444cases &corporate tax refunds of Rs. 1,00,612 crore have been issued in 2,21,976cases(1/2)
— Income Tax India (@IncomeTaxIndia) January 13, 2022
This includes personal income tax refunds of Rs 53,689 crore to over 1.56 crore entities and corporate tax refunds of over Rs 1 lakh crore to more than 2.21 lakh businesses.
The deadline for ITR filing for individuals has ended on December 31 while For corporate taxpayers, the last date is March 15, 2022.
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